Bombardier (BDRBF) Gets a Buy Rating from BMO Capital

In a report released today, Fadi Chamoun from BMO Capital maintained a Buy rating on Bombardier (BDRBFResearch Report), with a price target of $2.85. The company’s shares closed last Friday at $1.39.

According to, Chamoun is a top 100 analyst with an average return of 20.0% and a 77.5% success rate. Chamoun covers the Industrial Goods sector, focusing on stocks such as Canadian National Railway, TFI International, and Norfolk Southern.

Currently, the analyst consensus on Bombardier is a Moderate Buy with an average price target of $1.91, implying a 43.6% upside from current levels. In a report issued on February 2, RBC Capital also maintained a Buy rating on the stock with a C$2.25 price target.

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Bombardier’s market cap is currently $3.32B and has a P/E ratio of 0.78.

Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BDRBF in relation to earlier this year.

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Bombardier, Inc. manufactures planes and trains. It operates through the following segments: Business Aircraft; Commercial Aircraft; Aerostructures and Engineering Services; and Transportation. The Business Aircraft segment designs, manufactures and provides aftermarket support for three families of business jets, spanning from the light to large categories. The Commercial Aircraft segment designs and manufactures a portfolio of commercial aircrafts. The Aerostructures and Engineering Services segment designs and manufactures major aircraft structural components such as engine nacelles, fuselages and wings and provides aftermarket component repair and overhaul as well as other engineering services for both internal and external clients. The Transportation segment offers product range and services to the rail industry and covers the full spectrum of rail solutions such as complete trains to subsystems, services, system integration, signaling, and e-mobility solutions. The company was founded on June 19, 1902 and is headquartered in Montreal, Canada.

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